Skip to main content
June 3, 2019
Solved

Are investment advisory fees deductible in 2018?

  • June 3, 2019
  • 1 reply
  • 0 views

Are investment advisory fees deductible in 2018

Best answer by Coleen3

Unfortunately, no. They were eliminated with 2018 Tax Cuts and Jobs Act (TCJA).

Fees for investment costs were deductible as a miscellaneous itemized deduction, to the extent they and other costs exceeded 2 percent of your adjusted gross income

1 reply

Coleen3Answer
Employee
June 3, 2019

Unfortunately, no. They were eliminated with 2018 Tax Cuts and Jobs Act (TCJA).

Fees for investment costs were deductible as a miscellaneous itemized deduction, to the extent they and other costs exceeded 2 percent of your adjusted gross income

June 3, 2019
I agree